Binance CEO Changpeng Zhao is ready to work closely with global regulators to become a licensed financial institution, according to his tweets.

  • The tweets by Zhao come amid warnings by regulators against Binance, with the crypto exchange already banned from the UK.
  • The US is also investigating Binance over alleged illegal activity.
  • Zhao says Binance is keen on remaining compliant and working things around the current tide.
  • The crypto exchange’s CEO says Binance will have regional hubs rather than a common headquarter to give regulators a structure they can easily understand.
  • The CEO says Binance is already in the queue of getting approvals and licenses in jurisdictions with an established legal framework for crypto exchanges.

Zhao is optimistic of creating a sustainable ecosystem of blockchain technology, and is already seeking to fill roles in leadership with individuals having compliance and regulatory experience.